First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Update

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 7,498 shares, a decline of 80.5% from the June 15th total of 38,494 shares. Based on an average daily volume of 95,101 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

NASDAQ:FEMB traded up $0.18 during trading hours on Friday, hitting $29.56. 74,779 shares of the stock traded hands, compared to its average volume of 132,783. The firm has a 50 day moving average price of $29.33 and a 200 day moving average price of $29.71. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $28.18 and a fifty-two week high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.165 per share. The ex-dividend date was Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Several hedge funds have recently bought and sold shares of FEMB. Seascape Capital Management purchased a new position in First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $6,815,000. Endowment Wealth Management Inc. acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at about $1,934,000. Iams Wealth Management LLC purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth approximately $2,085,000. Csenge Advisory Group lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 303.6% in the fourth quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock worth $7,085,000 after purchasing an additional 178,850 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth approximately $1,064,000.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

The First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad range of bonds issued by emerging-market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies. FEMB was launched on Nov 4, 2014 and is managed by First Trust.